Everton Resources Inc.
TSX VENTURE : EVR

Everton Resources Inc.

January 25, 2007 08:30 ET

Everton Announces 2007 Exploration Program in the Dominican Republic

OTTAWA, ONTARIO--(CCNMatthews - Jan. 25, 2007) - Everton Resources Inc. (TSX VENTURE:EVR) wishes to announce the 2007 exploration program on its concessions in the central and eastern parts of the Dominican Republic.

Airborne Geophysical Survey - The airborne electromagnetic and magnetic survey announced on November 23, 2006 will begin this week on all of Everton's concessions located in the central part of the Dominican Republic. Everton's part of the survey will cover the 8 blocks of the Company's wholly-owned Maimon Project (Caballero, El Llano, La Cidra, La Yautia, Loma Blanca, Los Naranjos, Miranda and Tocoa), Jobo Claro (100% Everton), Loma el Mate (50% joint-venture with Linear Gold) and Cuance-Los Hojanchos (GlobeStar option), for a total of 202 km2. This survey is designed to test extensions at depth of existing massive sulphide bodies and to identify new non-outcropping mineralization. The survey will be done at 100 metre spacing and will penetrate down to an estimated depth of 300 metres. All permitting and logistics have already been completed. Geophysical targets generated from the survey will be followed-up by appropriate field work prior to drill-testing.

Loma el Mate - The discovery of the Las Tres Bocas massive sulphide body on the Loma el Mate concession (press releases of May 17th, 2006 and October 11th, 2006) where drill hole TBM-07 cut 10.58 metres of 2.96 g/t gold, 104.91 g/t silver, 2.03% copper and 9.41% zinc, confirmed the potential of the area for the discovery of high-grade polymetallic massive sulphide deposits. The discovery was made following an integrated step-by-step exploration program of reconnaissance, soil sampling, ground geophysics and drilling. In 2007, the La Cueva and Mermejal areas on the concession will be prospected. Targets generated from the airborne electromagnetic and magnetic survey will be followed-up and drill tested.

Los Hojanchos and Cuance - Everton and its partner GlobeStar Mining Corp. are presently following-up along a favorable mineralized trend in the southern part of the Los Hojanchos concession, where high copper values in rocks and massive gossans were recognized last fall during a reconnaissance program. The present work program will consist of 1,200 soil samples along with some rock sampling within a 70-kilometre grid line area. The results of the sampling program will be processed jointly with the airborne survey. Drilling on the highest priority targets is planned for this spring.

The Cuance concession is located adjacent to the southeastern edge of the Las Tres Bocas massive sulphide discovery on the Loma el Mate concession. A 5-hole drill program in this extension did not encounter significant mineralization. However, further drilling will be proposed following the interpretation of the airborne geophysical survey.

In the summer and fall of 2006, Everton and joint-venture partner GlobeStar, extended the southern part of the soil grid on Cuance to cover an open zinc-cadmium soil anomaly with a 300-soil sample survey. The soil results in the extension confirmed the anomalies and also highlighted a gold-lead-arsenic anomaly. Approximately one-half of the results are still pending. The follow-up program for 2007 on the southern extension grid will consist of ground geophysics follow-up and drilling.

Maimon Project - This project is comprised of 8 different blocks of concessions, namely Caballero, El Llano, La Cidra, La Yautia, Loma Blanca, Los Naranjos, Miranda and Tocoa, all located in the Maimon Formation, where at least 8 outcropping massive sulphide bodies have been found to date. During the summer of 2006, reconnaissance work on the La Yautia and El Llano concessions identified gossanous and altered zones containing disseminated pyrite. A systematic reconnaissance program and follow-up on airborne geophysical conductors will be carried out on the concessions during the spring and summer 2007.

Jobo Claro - A 96-hole air-track drilling program was completed in December on the Jobo Claro concession located adjacent to the eastern boundary of Barrick/Goldcorp's Pueblo Viejo gold deposit. The program was designed to penetrate the quaternary sediments to test possible bedrock and geochemical anomalies. Results are still pending and will be processed and integrated with the airborne geophysical survey. More drilling is expected.

Miches Project - The project consists of a large land package (350 km2) comprised of the La Guara, Las Cayas and El Piquito concessions, located in the eastern part of the Dominican Republic. In 2006, Everton proceeded with a high-density stream sediment sampling program consisting of 560 samples to delineate potential areas for gold. Partial results received to date have defined three gold anomalous areas that are currently being followed-up with additional stream sampling, reconnaissance mapping and soil sampling. From the stream survey, 4 samples show values higher than 100 ppb gold and 28 samples with values over 10 ppb gold. All results should be received by the end of February.

La Mireya - The property consists of a 118.5 km2 concession located west of the Miches project in the eastern part of the Dominican Republic. A reconnaissance stream sediment sampling program conducted by the European Union yielded a number of samples with anomalous gold grading up to 1,440 ppb Au. Everton is currently proceeding with a preliminary evaluation of the project consisting of a higher density stream sediment sampling program. After an analysis of the results, a detailed soil, rock sampling, and ground geophysics program leading up to a drill program is proposed.

This press release was prepared under the supervision of Marc L'Heureux, P.Geo., Everton's Vice-President of Exploration, who acts as the "Qualified Person" as described by NI 43-101.

Everton Resources is actively exploring in the Opinaca region of James Bay, Quebec where Everton Resources has amassed one of the largest land claims adjacent to the Eleonore gold discovery, and where Goldcorp Inc. (NYSE:GG, TSX:G) is proposing to spend several hundreds of millions of dollars developing its recent property acquisition. Everton Resources is also actively exploring in the Dominican Republic adjacent to where the world's largest gold mining company, Barrick Gold (NYSE/TSX:ABX), is partnering with Goldcorp to develop the 15 million ounce Pueblo Viejo gold deposit, one of the world's largest undeveloped gold deposits, at an estimated cost of $1.4 billion.

The Company's Shares are listed on the TSX Venture Exchange and trade under the symbol "EVR".

The TSX Venture Exchange neither approves nor disapproves of the information contained in this News Release.

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